This property looks like a bad Long-Term investment with a projected -10.39% first-year return on $107k initial cash invested.
-10.39%
Cash On Cash
4.67%
Cap Rate
0.73
DSCR
$3,576
Rent
-$925
Cashflow
Cash Flow
$3,576 income − $4,501 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,088
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,576
Total Expenses
$4,501
Mortgage P&I
76%
$2,726
Property Taxes
19%
$669
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0